March 2019

Foreclosed homes can be attractive to some new Varsity home buyers but not to others. In Alberta, foreclosed homes go up for sale on a regular basis. Foreclosed homes can be a good deal for the right person. If you're a home buyer who is interested in purchasing a foreclosed property, it's important for you to understand what that means. It's also important for you to know what a foreclosed home is likely to be like.

For informational purposes only. Always consult with a certified tax expert before proceeding with any real estate transaction.

How Foreclosure in Alberta Works

It's important to fully understand the foreclosure process. Foreclosure in Alberta begins when a homeowner misses a mortgage payment. The first missed payment is

Buying a home involves making a lot of choices. For some people, choosing the architectural style is as difficult as choosing the location. There are many varied and interesting architectural styles. Knowing the difference between them can help home buyers choose the right home for them.

Victorian

The Victorian era lasted from the mid 1800's to the beginning of the 20th century. Victorian houses are noted as being multiple storey homes with a symmetrical form. They're known for their creative use of texture and colour on the home's exterior. Strangely shaped shingles and elaborate fretwork are common on these homes.

Victorian houses today can be expensive to maintain, as they come from an older time when insulation was less of a